12002E103

Treaty establishing the European Community (Nice consolidated version) - Part Three: Community policies - Title VII: Economic and monetary policy - Chapter 1: Economic policy - Article 103 - Article 104b - EC Treaty (Maastricht consolidated version) -

Official Journal C 325 , 24/12/2002 P. 0073 - 0073
Official Journal C 340 , 10/11/1997 P. 0217 - Consolidated version
Official Journal C 224 , 31/08/1992 P. 0034 - Consolidated version


Treaty establishing the European Community (Nice consolidated version)

Part Three: Community policies

Title VII: Economic and monetary policy

Chapter 1: Economic policy

Article 103

Article 104b - EC Treaty (Maastricht consolidated version)

Article 103

1. The Community shall not be liable for or assume the commitments of central governments, regional, local or other public authorities, other bodies governed by public law, or public undertakings of any Member State, without prejudice to mutual financial guarantees for the joint execution of a specific project. A Member State shall not be liable for or assume the commitments of central governments, regional, local or other public authorities, other bodies governed by public law, or public undertakings of another Member State, without prejudice to mutual financial guarantees for the joint execution of a specific project.

2. If necessary, the Council, acting in accordance with the procedure referred to in Article 252, may specify definitions for the application of the prohibition referred to in Article 101 and in this Article.